Market Analysis of BNBUSDT on Wednesday 16 August 2023

2023-08-16 12:38Fonte:BtcDana

BNBUSDT TECHNICAL ANALYSIS SHORT TERM VIEW     

 Bnbusdt  is running in negative  trend  . Strong resistance area 257 to 275 levels and it is looking for 220 target .Double zigzag looks completed and it is running for 220 targets with stop loss 262 .Final stop loss is 278 and it is overall trend reversal point.Intraday purpose we can take 248 stop loss for downside targets.

 QUICK FUNDAMENTAL LOOK                                                                     

BNB Chain hard fork to improve security and compatibility with EVM chains,Binance’s BNB Chain is set to undergo two hard forks in August 2023 to reduce the possibility of a malicious blockchain reorganization and increase compatibility with other Ethereum Virtual Machine (EVM) blockchain networks.

 POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

Mais